Institute for Energy Economics and Financial Analysis (IEEFA) – Galilee Coal Basin: Carmichael – A Stranded Asset?

“A previous report highlighted the high probability of further delays as the financial markets become increasingly concerned about the lack of commercial viability, particularly relating to a move by the seaborne thermal coal market into structural decline. A year and a half on, the Carmichael project remains far from financial close and first commercial coal by 2018 at the earliest.”